If you’re unfamiliar with the term, a ‘cryptocurrency’ is a type of digital or virtual currency. It operates independently of a central bank and is secured by cryptography, making it almost impossible to counterfeit. Simply put, it involves putting your money into these digital currencies with the hope that their value will increase over time. … Read more
Interested Nigerians can now register for Startups, Angel Investors, Venture Capitalists, and Accelerators following the launch of Startup Support and Engagement Portal by the Ministry of Communications, Innovation and Digital Economy. The Minister, Dr. Bosun Tijani, who made the announcement said the portal is a key requirement for the implementation of the Nigeria Startup Act. The portal which is available … Read more
Intensive research carried out by environment and earth advocates says crypto mining has an environmental impact. This is due to the rate of energy that is required to mint new crypto coins. Mining is a method that is needed to validate cryptocurrency transactions. We’ll explain the process that is involved in crypto mining, how this … Read more
HR covers many tasks that most HR professionals are forced to be “jack-of-all-trades, master-of-none.” An HR outsourcing service can help alleviate a company’s administrative burden and free employees to focus on income-generating priorities. A good HR 3rd party partner will offer various services, including payroll processing, benefits administration, regulatory compliance, and company policies. Ask for … Read more
Vice President Kashim Shettima has been nurturing a new generation of young politicians since his tenure as the Governor of Borno State. One of them is Ishaq Ahmed Ningi, a Bauchi-born, trained architect. His inclusion in the list of new appointees by President Bola Tinubu in September 2023 as a Senior Special Assistant to the … Read more
If you want to use Starlink in Maldives, it will cost you MVR10,488.78 ($680.21) as a one-time payment and recurring MVR1,000 ($64.85) as a monthly connection to the service. Launch of Starlink in Maldives On November 9, 2023, Starlink high-speed internet services went live in the Republic of Maldives, joining the list of countries that … Read more
To buy and sell cryptocurrency, you need a tool to handle your coins, it is called a “cryptocurrency wallet”. Transactions in cryptocurrency are impossible without it. They serve as personal interfaces to the blockchain, the technology underlying cryptocurrencies. What are cryptocurrency wallets, why they’re important, how do they function, and what are the factors to consider … Read more
When Bitcoin came into being in January 2009, it was referred to as cryptocurrency, but the invention of Namecoin and Litecoin in 2011 and others that came up thereafter necessitated the need for a clear distinction between the first cryptocurrency and others that came up after Bitcoin, which are called altcoin. Today, there are almost … Read more
The integration of technology into the realm of travel has revolutionized the way individuals plan, experience, and navigate their journeys. In an era defined by innovation and connectivity, technological advancements have simplified and enhanced the entire travel experience, reshaping the way people explore the world. Let’s explore the transformative impact of technology across different phases … Read more
What is SCUML? SCUML means Special Control Unit against Money Laundering which is designed for Designated Non-Financial Institutions (DNFIs) or Designated Non-Financial Businesses and Professions (DNFBPs) for them to declare financial transactions from their customers which involves cash in excess of NGN10,000 (for limited liabilities) or excess of NGN5,000,000 (for business name). What are DNIs? … Read more
The Special Control Unit against Money Laundering is headquartered in Abuja, the Federal Capital Territory (FCT). Other SCUML offices are in nine cities (states). They are: Lagos state Rivers state Enugu state Kano state Kaduna state Gombe state Oyo State Edo state Borno state
Since its establishment as a critical department of the Economic and Financial Crimes Commission, the Special Control Unit against Money Laundering (SCUML) has produced 10 directors to date. The pioneer SCUML director was Norman Sixth Wokoma. He was succeeded by Theophilus Akinbo. Here is the full list of SCUML directors from inception to date: The current Director … Read more
There are 35 licenced partners for Nigeria’s National Identification Number diaspora enrolment that operate NIN registration centres around the world. The National Identity Management Commission (NIMC) commenced diaspora enrolment exercise in 2019 and vendors were licenced to help Nigeria implement its national identity project in the U.S., UK, Canada, and other countries around the world. Role … Read more
What NIMC Enrolment Front-End Partners Do NIMC Enrolment Front End Partners (FEPs) are enrolment agents that were approved in 2020 to complement the roles of the National Identity Management Commission (NIMC) in providing enrolment services on behalf of the government in nooks and crannies of Nigeria. Number of FEPs in Nigeria At the time of publication, there are 71 Enrolment Front … Read more
Since the Federal Government made it mandatory from September 1, 2015, for all Nigerians to get their National Identification Number (NIN), the National Identity Management Commission (NIMC), licensed some organizations and agencies approved to help it provide NIMC services to the general public and help it achieve its goals. Most of the approved organisations have a … Read more